Joseph Tsai
Technology

Joseph Tsai Net Worth

Joseph Tsai, born in 1964 in Hong Kong, is the vice chairman and cofounder of Alibaba Group, and its second-largest individual shareholder after chairman Jack Ma. He holds an undergraduate degree in economics and East Asian studies and a law degree from Yale, and is a Canadian passport holder. Tsai has been instrumental in the success of Alibaba Group, with its revenue in the 12 months ending in March 2017 rising by 56% to $23 billion.
Joseph Tsai is a member of Technology

Age, Biography and Wiki

Birth Year 1964
Birth Place Hong Kong, Hong Kong, Canada
Age 59 YEARS OLD
Residence Hong Kong and La Jolla
Other names Joe Tsai, Chung Tsai
Citizenship Canada
Education Lawrenceville School
Alma mater Yale University
Occupation Executive vice chairman of Alibaba Group
Spouse(s) Clara Wu
Children 3

💰 Net worth: $7.6 Billion (2024)

Joseph Tsai, a prominent figure in the world of technology, is estimated to have a staggering net worth of $7.6 billion in the year 2024. Renowned for his contributions to the tech industry, Tsai has played a significant role in shaping the landscape of innovation, particularly in Canada. His ventures in various technology-related fields have not only propelled him towards great success but have also established him as a prominent figure in Canada's flourishing tech sector. With his vast wealth and expertise, Joseph Tsai continues to make waves and inspire aspiring entrepreneurs in the technology realm.

2014 $3.7 Billion
2015 $5.3 Billion
2016 $4.8 Billion
2017 $5.8 Billion
2018 $10.21 Billion

Biography/Timeline

1903

Tsai's Father, Dr. Paul C. Tsai, a native of Huzhou in Zhejiang, China, was born and grew up in Shanghai and moved to Taiwan in 1948. He came to Yale in 1953, received a LL.M. degree in 1954, and in 1957 became the first ever from Taiwan to receive a J.S.D. degree from Yale Law. Upon graduation, he returned to Taiwan, served in various key government roles for 8 years, and played a leading role in drafting policies and laws that contributed to Taiwan’s economic miracle and integration into the international economy. In 1965, he turned to private practice and with his Father, Ruchin Tsar (Chinese: 蔡六乘, born Jan 2, 1903 in Shanghai and died 1993), founded Taiwan’s first partnership law firm Tsar & Tsai, an industry pioneer with a reputation for quality and innovation, which also contributed greatly to Taiwan’s growth and development, particularly in the international arena by representing multinational corporations to attract foreign capital to Taiwan.

1991

Tsai became as a tax associate at Sullivan & Cromwell right after graduation and was admitted in New York on May 6, 1991. After three years at the law firm, he switched to private equity and joined Rosecliff, Inc., a small management buyout firm based in New York, as vice President and general counsel, seeking a role that allowed him to make decisions instead of advices. He left for Hong Kong in 1995 to join Investor AB, where he was responsible for its Asian private equity Investments.

1999

It was in this role that he first met Jack Ma in 1999 in Hangzhou after being introduced by a friend who was trying to sell his own company to Ma. Tsai was impressed with Ma’s idea to create an international import and export marketplace, as well as his charismatic personality, but it was Ma's followers and their Energy and enthusiasm that ultimately convinced Tsai. Later that year he quit the $700,000-a-year job at Investor AB and offered to join Ma as a member of the founding team for almost nothing. At the time each of Alibaba’s 18 co-founders—of which Tsai was the only Western-educated member—accepted a salary of only $600 a year. He served as chief operating officer, chief financial officer, and founding board member. He single-handedly established Alibaba's financial and legal structure, since no other member of the team had any experience in venture capital or law. In May 2013, he became Alibaba's executive vice chairman. Due to his unique contribution, he has become the second-largest individual shareholder of Ali Baba, right after Ma.

2013

Joseph Tsai was born in Taipei, Taiwan to Dr. Paul C. Tsai (Chinese: 蔡中曾, died May 4, 2013), a second-generation Lawyer, and his wife Ruby. He has three younger siblings, Eva, Vivian, and Benjamin. At age 13, Tsai was sent by his parents to the Lawrenceville School, where he played lacrosse and was a member of the Cleve House. Tsai enrolled in his father's alma mater, Yale University, and played lacrosse there as well. He received a bachelor of arts' degree in economics and East Asian studies from Yale College in 1986, and a juris Doctor degree from Yale Law School in 1990.

2016

On December 1, 2016, Yale announced a university-wide project center for innovative thinking with a mission to inspire students from diverse backgrounds and disciplines to seek innovative ways to solve real-world problems. Six months later, in May 2017, Tsai and his wife, through the Joe and Clara Tsai Foundation, made another donation to Yale for the construction, launch, and programs of the center and named it Tsai Center for Innovative Thinking.

2017

One month later, in June 2017, Tsai and his wife, again through the Joe & Clara Tsai Foundation, made a donation to his high school, the Lawrenceville School, which was the single largest gift the school ever received. Tsai is a member of Lawrenceville's board of trustees.

Some Joseph Tsai images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.